Brazil’s port push

Public-private partnerships provide $26 billion to upgrade country’s maritime facilities. The government of Brazil has embarked on an ambitious, multibillion-dollar port modernization and expansion program to help make the maritime system more efficient and the nation’s exports more competitive in world markets. Brazil has the potential to become an economic power. It has a population of 200 million people and is resource rich, but it remains constrained by protectionist policies, poor labor productivity, inefficient government bureaucracy and restrictive labor regulations, high taxes, and poor infrastructure, according to experts. The South American country invests just 2.2 percent of its Gross Domestic Product ...